Bloomberg Senior People’s Bank of China (PBOC) officials reassured foreign companies that the currency won’t continue to weaken significantly, a day after the yuan fell below 7 per dollar for the first time since 2008. The central bank held a meeting with a number of foreign exporters in Beijing, at which officials also said that companies’ ability to buy and ...

Bloomberg HSBC Holdings Plc’s Swiss private banking unit agreed to pay about 294 million euros ($329 million) to settle a Belgian criminal probe into allegations it helped wealthy clients dodge hundreds of millions of euros in taxes. The preliminary agreement in Belgium’s largest criminal settlement still needs to be approved by a judge at a hearing that should take place ...

Bloomberg The Bank of Thailand unexpectedly cut its benchmark interest rate on Wednesday for the first time in more than four years to boost the economy, and said it sees more room to ease as global risks surge. The Monetary Policy Committee voted five to two to cut its key rate by a quarter-percentage point to 1.5%, the central bank ...